FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 19 1 Point Benito Mojica, a non-resident alien, invested in an 8- year long-term deposit in Rizal Commercial Banking Corporation amounting to P2,000,000 paying

image text in transcribed

Question 19 1 Point Benito Mojica, a non-resident alien, invested in an 8- year long-term deposit in Rizal Commercial Banking Corporation amounting to P2,000,000 paying 10% interest annually. How much is the final tax to be withheld by Rizal Commercial Banking Corporation if Benito Mojica pre-terminated his investment just after the end of the fourth year? A PO B P72,000 C P40,000 D P120,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Survey Of Financial And Managerial Accounting

A Survey Of Financial And Managerial Accounting

Authors: Roger H. Hermanson, Roland F. Salmonson, James D. Edwards

5th Edition

025606976X, 978-0256069761

Students also viewed these Accounting questions

Question

★★★★★
Waltjohn Corporation has $5,000 in CE&P and $10,000 in AE&P. It has two shareholders, Walter and John. On April 1 of the current year, Walter received a $10,000 distribution from the corporation on...

Answered: 1 week ago

Question

★★★★★
Given the following, which method would I call to remove all of the paragraphs? This is a heading. Paragraph 1 Paragraph 2 ...

Answered: 1 week ago

Question

★★★★★
The National Association of Theatre Owners is the largest exhibition trade organization in the world, representing more than 26,000 movie screens in all 50 states and in more than 20 countries...

Answered: 1 week ago

Question

★★★★★
On March 1, 2005, Matt purchased $63,000 of Lawson Co.s 8%, 20-year bonds at face value. Lawson Co. has paid the annual interest due on the bonds regularly. On March 1, 2010, market interest rates...

Answered: 1 week ago

Question

★★★★★
how to do this in detail and good form E9.25 (L.05, 6) (Entries for Disposition of Assets) On December 31, 2025, Tritt inc has a machine whth a book value of 5940,000 . The original cost and related...

Answered: 1 week ago

Question

★★★★★
Mailings Review View -A.EE AaBbCd AaBbCe AaBbCd AaBb C# AaBbCc4 1 Normal Title No Spaci... Heading 1 Heading 2 Styles Paragraph 2.1.3 .. 56 7. 8 . 9. 10 . 11 . 12 . 13. 14. 15. 1. 16 ACT 2112...

Answered: 1 week ago

Question

★★★★★
Big Sky Enterprises produces frozen French fries. This past month, Big Sky made 63,000 bags of fries. Big Sky's standard hours to make each bag of fries is 0.1 hours and its standard labor rate is...

Answered: 1 week ago

Question

★★★★★
The December 31, 2024, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Cash Long-term investments Debits 23,000 56,000 Credits Accounts receivable 31,000...

Answered: 1 week ago

Question

★★★★★
3 Part 3 of 4 10 points Required information [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $120 and...

Answered: 1 week ago

Question

★★★★★
Module 06 Assignment - Case-Mix Index (CMI)-CDI Measure of Success Module 06 Content One measure of success of a Clinical Documentation Improvement Program (CDI) includes an increase in the case-mix...

Answered: 1 week ago

Question

★★★★★
Footer Number 5.5.4 Test (TST): Descriptive Statistics Test Q Mathematics | Sem 2 Name: Date: Answer the following questions using what you've learned from this unit. Write your responses in the...

Answered: 1 week ago

Question

★★★★★
8. Weigh the evidence and consider the burden of proof and the levels of proof. Be the arbitrator and support your decision. This matter of arbitration stems from an indictment of Thomas Allen for...

Answered: 1 week ago

Question

★★★★★
1. Explain the principle of nexus as it applies to off-duty misconduct. How does it apply in this case? This matter of arbitration stems from an indictment of Thomas Allen for one count of arson...

Answered: 1 week ago

Question

★★★★★
3. How much weight should be given to the following: a. Mr. Comos testimony that he did not make the decision to remove Allen b. Ms. Balks testimony that Mr. Allen has restored the burned cabin c....

Answered: 1 week ago

Previous Question Next Question